Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-06-24

way building produce two iBShe
form of stocks that were nEver
paid for, milIionaires sprung up ln
every city and nearly every town, aud
in few years we heard of multi
millionaires in Anerica-men worth fivs&
ten, forty, fifty and e hundred millions OK
| dollars. Colossal fortunes TO emanywsFe
followed by modest fortunes ftFssae b Al
J titudes, and such waYsf of proaherlty
swept over the land as btDught its F3hefit
to nearly all. Old-time eommexGiaL Cir
culation and business rules yWeze threMn
to the winds, and the whole country went
on general drunk, with stocks and paper
securities as the fairy-like agencies which
! put men to sleep st night and fantasticsl-
| ly walked them up in the morning million
aires.
The unhealthy growth has to come to
collapse. Stocks watered up from
dollars real value to an atfluent and d.
vidend paying value of $1,000, $4,000
or 100000, eventually had to shr1vel,
fall and collapse. The descent
was rapid. Water no longer
sold for more than diamonds.
People began to see the bloated stocks
losing their balloon shape, and coming
down towards par value of the money
actually put in. There was a crash in
the glass houses, and the country was
told that 50, 900, 100000 had been lost in
stock in eighteen months. This could
not be. For the $4,000, 900 were
never put in the stocks to lose. II was
the evaporation of water. 1t didn't ruiR
the country, nor hurt it. For it was not
the destruction of anything thsl had ever
existed except in Imagination.
-
The first great tumble checked the pub
lie and sobered them and turned etten-
ton again to safe forms Of investment
Naturally and inevitably land, the earth,
or piece of it, was first turned to.
People with money to invest quit gam
bling and quit betting that a railroad,
really worth $4,000 & mile, was IN fact
worth 100000 g mile, or that telephone
stock, or electric light stock, or mining
stock, could raise from 81 to $4,000 in
value. They saw once more that real
estate was the thing to invest in.
Just as the country came to it's senses
on this, there came up also, all over the
nation sweeping impulse on the part of
millions of people to get themselves
homes. The agltatlons of socialists and
communists, who propose, at the first
jump, to take the property of the thrifty
and the homes Of the industrious and di-
vide them up among the robbers and
loafers Of the world, no doubt stimulated
this impulse. Therefore much money
turned toward investments in real estate
because of the two cause.-the rich who
wanted to find some profitable and sure
investment in some form of property not
at the mercy of stock gamblers, and the
people who wanted homes for their fam
lilies.
Land and lots under such change, be-
came in active demand. Where two
years ago, one man was buyer or bid
der for real estate, there are now 100
men in the market to buy. TIE capitalist
says, 81 want land to invest in because
it is certain, safe and profitable" and
the homeless man says, ~ want to put
my wife and children in home of their
own" 1t is the first duty of man who
has family TO provide them with home
and a ROOF of their own. There is no
other duty so strong as this, and millions
of men under threat of the commune
against the home, have Wakened to their
duty in the matter all at once.
-
If all the men IN the country who could
buy home, and who ought to buy it,
would go et it, what demand there
would be. What day of profit to the
nation or the government it would be,
tool A man with home is the safest
citizen. He has stake in law and order.
a man with home is q king. His own
roof covers him and his children play on
their own ground. The noblest senti-
ments of the human heart cluster
about the home, and when a !
gigantic and desperate conspiracy
of men spring up On American soil, say
ing, "We'lI strike down all the homes in |
the United States" all The good men not |
yet having homes, felt the threat to be g |
call upon them to provide such shelter |
fef themselves and their families.
So the new popularity of land and |
home buying is one fraught with the
gEeatest good to the republic. The man
with home is st once the countTy's hope !
and dependence.